The San Gabriel Valley Tribune reports that Bisno Development has withdrawn from plans to throw hundreds of homeowners out of their property and replace their homes with a multimillion dollar development.

Given that Proposition 99 gives Californians no meaningful protection against eminent domain, it's not surprising to learn that the decision has nothing to do with respecting the property rights of people in Baldwin Park. Instead, Bisno says they cannot afford the project given the current state of the economy. And that means, of course, that Baldwin Park residents are still vulnerable to condemnation whenever bureaucrats decide to take their property.